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Dubai gold prices drop again, 24K now down Dh41 from April peak

Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema·Nivetha Dayanand·about 1 month ago
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Dubai: Gold prices in Dubai slipped again on Thursday morning, giving jewellery buyers and investors a lower entry point after a volatile April that saw rates climb to fresh highs before pulling back sharply in the final week. (Check latest UAE gold prices  here , alongside prices in  Saudi Arabia ,  Oman ,  Qatar ,  Bahrain ,  Kuwait , and  India .) At 10.13 am, 24K gold stood at Dh547.25 per gram, down from Dh548.25 on Wednesday, while 22K gold fell to Dh506.75 from Dh507.75. The latest move takes 24K gold more than Dh40 below its April 17 peak of Dh588, while 22K is now nearly Dh38 lower than its high of Dh544.50 on the same day. The decline is likely to be watched closely by UAE shoppers who had delayed purchases during the mid-April rally, when prices stayed above Dh580 for several sessions.…

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